Northwest Natural Holding (NWN) To Go Ex-Dividend on April 30th

Northwest Natural Holding (NYSE:NWN) declared a quarterly dividend on Thursday, April 10th, RTT News reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.49 per share by the utilities provider on Thursday, May 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Wednesday, April 30th.

Northwest Natural has raised its dividend payment by an average of 0.5% per year over the last three years and has raised its dividend every year for the last 70 years. Northwest Natural has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Northwest Natural to earn $2.91 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 67.4%.

Northwest Natural Trading Up 1.3 %

Shares of Northwest Natural stock opened at $41.25 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $41.34 and a 200 day simple moving average of $40.80. Northwest Natural has a 12-month low of $34.82 and a 12-month high of $44.25. The company has a market capitalization of $1.66 billion, a P/E ratio of 19.46 and a beta of 0.56.

Northwest Natural (NYSE:NWN) last posted its earnings results on Friday, February 28th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.01). Northwest Natural had a return on equity of 5.89% and a net margin of 6.90%. The firm had revenue of $370.90 million during the quarter, compared to the consensus estimate of $395.05 million. During the same quarter in the previous year, the company earned $1.21 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Northwest Natural will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $40.97, for a total value of $307,275.00. Following the sale, the chief executive officer now directly owns 130,242 shares in the company, valued at $5,336,014.74. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David A. Weber sold 2,183 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $42.46, for a total value of $92,690.18. Following the transaction, the vice president now owns 255 shares of the company’s stock, valued at $10,827.30. The trade was a 89.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,192 shares of company stock valued at $1,042,268. Insiders own 0.84% of the company’s stock.

About Northwest Natural

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.